EDI Allies with GlobeTax

Exchange Data International forms alliance with GlobeTax to obtain accurate tax information used in portfolio and investment planning.

London and New York, June 6th, 2005, Exchange Data International today signed a co-marketing agreement to provide withholding tax data and services to EDI's subscriber base. The deal, which was signed in New York, allows EDI to meet market demand from researchers, brokers and custodians for accurate withholding tax information on real and expected investment income for use in portfolio planning.

Jonathan Bloch, Managing Director of EDI said: "This agreement is fundamental to our business growth strategy. GlobeTax is the world's largest and most successful outsource tax recovery firm and we're delighted to have such a partner. The new product will be available by subscription on the world-wide web as part of our e-Data Suite of products and will offer a sophisticated searchable matrix of over 43 million data points of withholding and treaty rate information, including every permutation type of income, beneficial owner status, residency and year of distribution".